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Retail in state of anarcky as customers retreat - 1/13/2008 7:23:09 PM

pahunkboy

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http://www.reuters.com/article/ousiv/idUSN1336265420080113?pageNumber=2&virtualBrandChannel=10003&sp=true

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RE: Retail in state of anarcky as customers retreat - 1/13/2008 7:58:08 PM

popeye1250

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And I now have $12,000 in a savings account that came from not buying junk from China.

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RE: Retail in state of anarcky as customers retreat - 1/13/2008 8:06:16 PM

Sinergy

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Are you suggesting that exiling our entire military to an endless war in Mesopotamia, driving our currency to the lowest value in memory, and offshoring every job we could possibly offshore, has caused consumers to not want to run out and purchase at the level they spent their money at when our country had reasonably intelligent individuals in Government who actually did their jobs?

Say it isnt so.

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RE: Retail in state of anarcky as customers retreat - 1/13/2008 9:13:27 PM

subfever

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quote:

ORIGINAL: pahunkboy

http://www.reuters.com/article/ousiv/idUSN1336265420080113?pageNumber=2&virtualBrandChannel=10003&sp=true

It's way off base for Rueters to even use the word "anarchy." Anarchy means without order, or without rule.

The fact that people are tightening their belts these days doesn't even remotely suggest anarchy. It does, however, suggest the very simple rules of fear and greed, as they apply to finance/investing/speculating, etc.

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RE: Retail in state of anarcky as customers retreat - 1/14/2008 9:14:32 PM

petdave

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quote:

ORIGINAL: subfever

It's way off base for Rueters to even use the word "anarchy." Anarchy means without order, or without rule.

The fact that people are tightening their belts these days doesn't even remotely suggest anarchy. It does, however, suggest the very simple rules of fear and greed, as they apply to finance/investing/speculating, etc.

That was my thought when i first read the article... That word you keep using, i do not think it means what you think it means.

also

quote:

Losers are likely to be mass merchants like Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) and Target Corp (TGT.N: Quote, Profile, Research), and specialty stores such as Barnes & Noble (BKS.N: Quote, Profile, Research), Liebmann said, citing the impact of shoppers making fewer trips and spending more prudently.

If people make fewer trips and spend more prudently, then mass merchants like Wal-Mart and Target will benefit, because they carry a huge variety of products at discount prices. When an educated shopper factors in the gas (and time/"opportunity") cost of visiting several stores over visiting a single store, the single store usually wins.

Doesn't take much to get published by Reuters nowadays

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RE: Retail in state of anarcky as customers retreat - 1/14/2008 10:29:52 PM

SugarMyChurro

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...because this kind of capitalism is unsustainable. Duh!

The money isn't worth anything. The stuff one can buy is generally crap. The better jobs that were once available to many have been outsourced.

What goes around comes around. And what's happening right now is that people are starting to realize that the other shoe has already dropped on this economy. The only way to keep it going s more theft: lowering the interest rate, forgiving the sub prime scandal, and pumping money into the economy.

All the usual fractional reserve banking ponzi scheme tricks.

But I don't care because I have at least 3 optional plans to implement when this country turns to shit. Actually, before it happens because I'm paying attention and not some idealogical zombie.

Plan ahead.

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RE: Retail in state of anarcky as customers retreat - 1/14/2008 11:51:37 PM

SugarMyChurro

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Deleted

< Message edited by SugarMyChurro -- 1/14/2008 11:52:53 PM >

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RE: Retail in state of anarcky as customers retreat - 1/15/2008 12:08:20 AM

UtopianRanger

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quote:

But I don't care because I have at least 3 optional plans to implement when this country turns to shit. Actually, before it happens because I'm paying attention and not some idealogical zombie.

Ye all bow down to the oligarchy - bahaaaa.....bahaaaa.....bahaaaa......

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RE: Retail in state of anarcky as customers retreat - 1/15/2008 5:28:47 AM

Sanity

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Yeah, anarcky. The end of the world... yawn. Again.

Some more.

Still.

Ever since 2000, huh. I wonder when Reuters and certain other far left voices will begin sounding more reasonable.

< Message edited by Sanity -- 1/15/2008 5:40:02 AM >

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RE: Retail in state of anarcky as customers retreat - 1/15/2008 8:13:47 AM

pahunkboy

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quote:

ORIGINAL: popeye1250

And I now have $12,000 in a savings account that came from not buying junk from China.

it has to be higher now. ?

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RE: Retail in state of anarcky as customers retreat - 1/15/2008 8:31:01 AM

sophia37

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That wasnt the best article Ive ever read. And I think the predictions are going to be way off. Things arent as bad as all that on many fronts.

In the winters I work at a ski resoprt, becuase I find it fun and entertaining. Last year when no one was talking about the economy like they are today, we had the worst season in many years. No snow! Even with snow making, people didnt show up. This year, with some snow in the nearest big city, the resort has been booming! Xmas week was phenominal. Why dont I see that word in reuters? lolol Because Ive spelled it wrong? lol

So Im certainly earning my pay, they even gave me a raise. And the employees feel secure in their jobs for the time being. People are spending big time around here. Skiing aint cheap!

I just find it interesting that the papers feel like giving people the jitters, when in fact, the news makers dont make the news, they lag behind the trends. Ive seen that before because I'm 48 and a self employed person for most of the year. A few years ago, by the time bad things were being reported, things had started looking up in my sales.

At this point in time, my sales have taken a down turn for the last three years. This past year (07) thanks to the trends, I actually planned wisely and have been able to ride out the storm.

People love to consume. They'll hold tight to the money for as long as they can, but sooner or later they return to laying out cash. So right now may look tight, but by late spring, there may be money to be made. Even low wage earners spend money. As long as you have the right product for the right segment of the market.

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RE: Retail in state of anarcky as customers retreat - 1/15/2008 11:07:39 PM

UtopianRanger

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quote:

ORIGINAL: sophia37

That wasnt the best article Ive ever read. And I think the predictions are going to be way off. Things arent as bad as all that on many fronts.

In the winters I work at a ski resoprt, becuase I find it fun and entertaining. Last year when no one was talking about the economy like they are today, we had the worst season in many years. No snow! Even with snow making, people didnt show up. This year, with some snow in the nearest big city, the resort has been booming! Xmas week was phenominal. Why dont I see that word in reuters? lolol Because Ive spelled it wrong? lol

So Im certainly earning my pay, they even gave me a raise. And the employees feel secure in their jobs for the time being. People are spending big time around here. Skiing aint cheap!

I just find it interesting that the papers feel like giving people the jitters, when in fact, the news makers dont make the news, they lag behind the trends. Ive seen that before because I'm 48 and a self employed person for most of the year. A few years ago, by the time bad things were being reported, things had started looking up in my sales.

At this point in time, my sales have taken a down turn for the last three years. This past year (07) thanks to the trends, I actually planned wisely and have been able to ride out the storm.

People love to consume. They'll hold tight to the money for as long as they can, but sooner or later they return to laying out cash. So right now may look tight, but by late spring, there may be money to be made. Even low wage earners spend money. As long as you have the right product for the right segment of the market.

Heh.....No offense sweetie, but I'd love to see a pool created with a cash or prize pot, where every participant on the boards has to pen a narrative analysis / summation regards the near economic horizon{say next twenty-four /thirty months}Because I definitely see things a whole lot differently than you /most

I'd gladly go first to soften the blow for the meek.

- R

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RE: Retail in state of anarcky as customers retreat - 1/17/2008 8:34:59 PM

Feric

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You know, the elephant in the room (the thing they're not talking about) are the wars in Iraq & Afghanistan. As more U.S. resources are poured into the unwinnable wars there, there is less money for America to spend on housing, caring for the elderly, etc. Meanwhile, special interests in Congress are making sure that revenue enhancements are continually slashed in the name of "tax breaks", usually to the wealthiest parts of the population. Ultimately what that means is more expenditures than income: bigger deficits!

The average consumer may not understand how the economy works, but everybody understands red ink. If the government won't fix the budget problem, then people want to make sure that they have something to tide them over when the bills fall due, so, they're spending less! Retailers are hurting, and small businesses have been folding at a faster rate than ever.

The ironic thing is that this has all happened before! At the end of the Vietnam War, the bills (both monetary and human) fell due in 1975, and the economy crumbled. Things go t so bad that a new word was coined to describe the state of affairs: "Stagflation"--a stagnant economy, and inflation across the board.

Look around, all the signs are there: prices on everything are rising, and the economy is slowing down, too. There's even an article about it in The Atlantic magazine: http://www.theatlantic.com/doc/200608u/stagflation

Study the past, and you can predict the future.

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